Income Tax : Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home...
Income Tax : Explore the benefits of Section 80EEB, providing a deduction for interest paid on loans for Electric Vehicles (EVs). Understand th...
Income Tax : Explore Section 80EEB - Income tax deduction for individuals on electronic vehicle purchases. Eligibility, conditions, and maximum...
Income Tax : An Individual who has taken a loan for purchase of E-Vehicle from any Financial Institution and who has never owned an E-vehicle c...
Income Tax : Learn about Section 80EEB of the Income Tax Act and the tax benefits it offers on the purchase of electric vehicles....
Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home loan interest, electric vehicle purchases, charitable donations, savings account interest, and rebates.
Explore the benefits of Section 80EEB, providing a deduction for interest paid on loans for Electric Vehicles (EVs). Understand the eligibility criteria, quantum of deduction, and conditions for availing this tax benefit. Stay informed about the latest tax incentives as India pushes for a 30% EV replacement by 2030.
Explore Section 80EEB – Income tax deduction for individuals on electronic vehicle purchases. Eligibility, conditions, and maximum deduction of Rs. 1,50,000. Learn how the provision benefits personal and business use, ensuring compliance and tax-saving opportunities.
An Individual who has taken a loan for purchase of E-Vehicle from any Financial Institution and who has never owned an E-vehicle can avail such tax relief. Further, Interest payable on such loan would qualify for deduction under Section 80EEB.
Learn about Section 80EEB of the Income Tax Act and the tax benefits it offers on the purchase of electric vehicles.
Purchase of Electric Vehicle – Tax benefits (Section 80EEB) and many more advantages!! Planning to buy a car in the future? How about an Electric car or E-scooter, they are set to be the norm. Thinking about how is it going to benefit the average consumer? Read on… Most of us don’t own electric cars, […]
GOOD NEWS FOR ASSESSEE WHO HAD OR PLANNING TO PURCHASE ELECTRIC VEHICLE ON LOAN To encourage the purchase of ‘electric vehicle’, Govt of India had come with new incentive plan .In the union budget 2019, the government has announced an incentive for purchase electric vehicle. In the budget speech, the finance minister has stated that […]
Section 80EEB deduction for interest on Loan for Purchase of Electric Vehicle- Section 80EEB as introduced by Finance Act, 2019. Q 1. Who is eligible to get benefit under Section 80EEB? Ans: An Individual who has taken a Loan for purchase of an Electrical Vehicle from any Financial Institution. Q 2. What is the benefit […]
Currently, with an aim to promote the electric vehicle market, the Government is coming up with various exemption, deductions and rates cuts. One such step is the insertion of new deduction section 80EEB in the Income Tax Act, 1961. Newly introduced section 80EEB provides deduction in respect of interest paid on loan taken from the financial institution […]
On 5th July 2019 Finance minister Nirmala Sitharaman in her maiden budget speech of Union Budget 2019 has proposed to extend income-tax benefit of Rs.1.5 Lakh towards interest paid on loans for buying Electric Vehicle. A new section 80EEB is been proposed to be inserted in Income Tax Act via Finance Bill 2019 to extend […]
